South Sudan Central Bank Raises SSP 20 Billion in Oversubscribed Treasury Auction

(Juba) – The Bank of South Sudan (BoSS) successfully raised 20 billion South Sudanese Pounds (approximately USD 15.38 million) during its most recent Treasury Deposit Facility (TDF) auction held on June 18, 2025. The auction attracted strong interest from financial institutions, with bids totaling SSP 82 billion (approximately USD 63.08 million), more than four times the amount offered.

According to the BoSS Financial Markets Department, eight bids were submitted in total, though only three were successful. The auction had a bid-to-cover ratio of 4.18, indicating high demand for the short-term liquidity absorption instrument. The weighted average rate at which the successful bids were accepted was 4.05 percent. The highest bid rate submitted reached 6.00 percent, while the lowest was 2.15 percent.

The central bank did not disclose the names of the participating banks or the actual number of institutions that took part in the bidding process.

The Treasury Deposit Facility is one of the tools BoSS uses to manage excess liquidity in the financial system. By offering short-term securities for auction, the central bank aims to absorb extra cash circulating in the economy and thereby help stabilize inflation and strengthen the local currency. The TDF auctions are part of broader monetary policy efforts to create a more predictable financial environment in South Sudan.

The South Sudanese Pound continues to face pressure due to limited foreign exchange reserves and a growing need for tighter monetary policy.

As of June 2025, the exchange rate stands at approximately SSP 1,300 to 1 USD, based on prevailing parallel market estimates. This means the SSP 20 billion absorbed in the auction is equivalent to around USD 15.38 million, underlining the central bank’s continued efforts to regulate monetary conditions.

The BoSS has stated that regular TDF auctions will continue in line with its monetary strategy to anchor inflation and build market confidence in the domestic financial system.